Central banks are now emphasizing the need to reduce paper money to support the digital transformation, and imposing fees on withdrawals from their ATMs is a step in this direction. The ostensible goal: to reduce operational costs (printing money, maintaining devices), and to encourage reliance on faster and safer electronic payments.
But this policy raises questions! Are the fees merely a pressure on merchants and individuals to commit to digital? Or an attempt to compensate for banks’ losses from the decline in the use of traditional branches?
It is certain that the world is moving towards a decentralized economy, where banks are reducing their role in favor of technologies such as blockchain and digital currencies. So why not accelerate the pace towards fair financial solutions for all?
